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Off Market
1/9

1627-1629 W Lafayette Blvd
Detroit, MI 48216


OVERVIEW

O'Connor Real Estate is pleased to offer 1627 West Lafayette Boulevard, a portfolio sale located in Corktown, Detroit. 1627 West Lafayette consists of a 19,000 SF architecturally significant all brick building, built-in 1926 which features include great soaring ceilings and expansive windows that let in nice natural light. 1551 West Lafayette Boulevard, a 16,000 SF lot with an existing 2,000 SF building for a potential parking structure location and 1626 West Fort Street, a 6,175 lot. The portfolio includes a 12-year tax freeze starting in 2018 with the OPRA tax credit includes the addition of 5 more floors. Approved special use permit allows both residential and commercial use. Building Highlights: Opportunity Zone Located on the same block as Bedrock’s Assembly, a $39M mixed-use development Approved site plans to build a 7 story building. Special use permits for residential and commercial use. 12 Year OPRA Tax Credit 2018 with the OPRA tax credit (includes addition of 5 stories). Portfolio includes: 1627-1629 W Lafayette Boulevard, a 19,000 SF building 1551 West Lafayette Boulevard, a 16,000 SF lot with an existing 2,000 SF building 1626 West Lafayette Boulevard, a 6,175 lot

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

22,000 SF | Corktown - Opportunity Zone

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

1926

UTILITIES

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CLEAR CEILING HT

12 Ft

DOCKS

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DRIVE INS

2

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

08-000051,08-000062